November 18, 2018 Sunday
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Turkish firm increases production in Kaposvár
The Turkish company Metyx has announced a significant project in its Kaposvár unit in Western Hungary: engaged in the manufacture of glass and carbon fiber raw materials – and composite products made of them –, the firm will double the number of its employees, creating high added value jobs, as well in the county town of Somogy County.
Diplomacy&Trade online | February 7, 2018

With the HUF 3.2 billion (cca EUR 10.3 million) project, the manufacturing area will increase by 6,000 square meters and four new production lines will also be installed. The Hungarian government has agreed to pay over a quarter of the investment costs (HUF 902.5 million).

According to the Hungarian Minister for Foreign Affairs and Trade, Péter Szijjártó, the investment project being realized by the Turkish-owned company employs advanced technology and is creating jobs that require a high level of training and provide a dependable livelihood.

The Managing Director of Metyx Hungary Ltd., Ugur Üstünel told reporters that the company is planning additional projects in Kaposvár, because – in view of the rate of growth of recent years – Metyx is able to further develop its European activities here in Hungary.

The main activity of the mother company Telateks, established in 1940 and based in Istanbul, is the manufacture of textile products. Its 2017 sales revenue was EUR 51 million while it had 450 employees. A division of Telateks, METYX has two factories in Turkey and one plant in Hungary.

METYX Hungary has been present in Kaposvár since 2013, where it specialized primarily in the manufacture of glass and carbon fiber raw materials for wind turbines and for the automotive industry and composite products made from them. The products include various amplifiers and vacuum packing units. The company is an important TIER1 supplier for the market leading Siemens wind turbines.

As a result of the development just announced, the current staff size of 150 will increase by 182, including high added value positions, and the manufacturing area will increase by 6,000 square meters, where new production lines will also be put into service.


   
   
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